As per the arrangement with Reliance Mutua l Fund, Vakrangee (Q,N,C,F)* through its Nextgen Vakrangee Kendras will offer mutual fund distribution and help Reliance Mutual Fund to extend their reach to un-served and under-served areas.

This tie-up further expands the company's bouquet of services available to citizens through Vakrangee Kendras.

Shares of the company gained Rs 1.35, or 2.57%, to trade at Rs 53.80. The total volume of shares traded was 278,054 at the BSE (9.33 a.m., Friday).